Gold Price Analysis: Gold Refreshes Weekly high above $1,780 on Bidenโ€™s โ€˜Joint Congressโ€™ speech

Gold Price Analysis

Gold Price Analysis: Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. In doing so, the yellow metal takes the bids for the second consecutive day on the weaker US dollar. Recently propelling the commodity prices are the comments from US President Joe Biden.

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Gold Support Key $1760โ€”$1755, Bearish Technicals

เคซเฅ‡เคก เคฎเฅ€เคŸเคฟเค‚เค— เคธเฅ‡ เคชเคนเคฒเฅ‡ เคŸเฅเคฐเฅ‡เคœเคฐเฅ€ เคฏเฅ€เคฒเฅเคก เค•เคฎเคœเฅ‹เคฐ เคนเฅ‹เคจเฅ‡ เคธเฅ‡ เคธเฅ‹เคจเฅ‡ เคฎเฅ‡เค‚ เคคเฅ‡เคœเฅ€

Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.

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